Foresight Energy LP (NYSE: FELP), a Delaware limited partnership,
announced that efforts to extinguish the fire at its Hillsboro Energy
LLC’s Deer Run Mine continued over the weekend, including pumping water
into the mine. The results were encouraging as carbon monoxide readings
declined significantly. Foresight, together with the Mine Safety and
Health Administration ("MSHA"), is presently attempting to corroborate
the monitoring readings with conditions underground. Various protocols
and procedures must be implemented before it can be verified that the
fire has been extinguished.
The fire occurred and was contained in a tail-gate section of a
previously mined area and was not near current development or longwall
operations of the mine.
Since production ceased on Tuesday, the mine’s customers have been
serviced from Hillsboro Energy’s inventory. No force majeure has yet
been declared but the company is reserving all of its rights under
various coal supply agreements until it has a better understanding of
the impact on its long term production.
Although the full extent of the damage cannot be determined until MSHA
determines it safe to enter the mine, Foresight does not currently
anticipate that this event will have a material adverse effect on
About Foresight Energy LP
Foresight Energy LP is a leading coal producer in the Illinois Basin
region of the United States with over three billion tons of coal
reserves currently supporting four mining complexes. Our logistics give
each of these mining complexes multiple modes of transportation to reach
the end-users of our coal, including rail, barge and truck. We serve
both the domestic and international markets.